FinTech

Financial technology, often shortened to fintech, is the technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. It is an emerging industry that uses technology to improve activities in finance.

Report: FDIC Ramps Up FinTech Scrutiny
Report: FDIC Ramps Up FinTech Scrutiny
December 05, 2024  |  Bank Regulation

The Federal Deposit Insurance Corporation (FDIC) reportedly has begun more closely tracking FinTechs that partner with banks, aiming to spot potential problems before they affect...

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Trump Taps Fiserv CEO to Head Social Security Admin
Trump Taps Fiserv CEO to Head Social Security Admin
December 05, 2024  |  Politics

President-elect Donald Trump has chosen Fiserv CEO Frank Bisignano to oversee the Social Security Administration. The incoming president announced his pick on his Truth Social...

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NatWest Launches Growth Program for UK FinTech Startups
NatWest Launches Growth Program for UK FinTech Startups
December 04, 2024  |  Banking

British bank NatWest is launching a program to help scale the country’s FinTech startups. The lender’s FinTech Growth Program, announced Wednesday (Dec. 4), is designed to give fledgling...

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FDIC Pushes for Transparency in Bank-FinTech Partnerships
FDIC Pushes for Transparency in Bank-FinTech Partnerships
December 03, 2024  |  Regulation

As banks link with FinTechs, as new financial services are forged, with consumer-facing apps and digital channels in the mix, there’s still a need for...

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Crypto and FinTech Cry Foul Over Debanking — Could Real Issue Lie in Risk?
Crypto and FinTech Cry Foul Over Debanking — Could Real Issue Lie in Risk?
December 02, 2024  |  Banking

FinTech and crypto investor Marc Andreessen kicked off a firestorm over the weekend by alleging, on Joe Rogan’s podcast, that those two sectors — and...

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UK’s Revolut Facing Wave of Complaints Over APP Fraud Claims
UK’s Revolut Facing Wave of Complaints Over APP Fraud Claims
December 02, 2024  |  Security & Fraud

Revolut is reportedly facing a lawsuit tied into a wave of anti-fraud complaints. As Bloomberg News reported Monday (Dec. 2), the fraud claim was filed by Serbian firm...

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Report: Wise Implements Regulator’s Recommendations to Bolster AML Programs
Report: Wise Implements Regulator’s Recommendations to Bolster AML Programs
November 29, 2024  |  AML

FinTech Wise reportedly has implemented a European regulator’s recommendations to bolster its anti-money laundering (AML) programs. Wise was forced into a formal remediation plan after the National...

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New Evolve Statement: ‘Vast Majority’ of Synapse Funds Are at Other Banks
New Evolve Statement: ‘Vast Majority’ of Synapse Funds Are at Other Banks
November 27, 2024  |  Legal

Evolve Bank & Trust said Wednesday (Nov. 27) that the “vast majority” of end user funds related to the Synapse Financial Technologies bankruptcy that were...

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FinTech IPO Index Surges 3.8% as Lemonade, Affirm Lead the Pack
FinTech IPO Index Surges 3.8% as Lemonade, Affirm Lead the Pack
November 22, 2024  |  Fintech Investments

The FinTech IPO Index was 3.8% higher this past week, as Lemonade and Affirm were at the forefront of gainers, up a respective 58.5% and...

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